SC upholds quashing of YES Bank's Rs 8,415 crore AT1 bond write-off

The Supreme Court on Thursday upheld the Bombay High Court's 2023 ruling that quashed YES Bank's write-off of Rs 8,415 crore in Additional Tier-1 bonds from its March 2020 reconstruction. A bench led by Justice Dipankar Datta dismissed the appeals filed by the Finance Ministry, the RBI and YES Bank, reopening the bondholders' path to recovering their investments. (M)

• The Supreme Court on Thursday upheld the Bombay High Court's 2023 ruling that quashed YES Bank's write-off of Rs 8,415 crore in Additional Tier-1 bonds from its March 2020 reconstruction.
• A bench led by Justice Dipankar Datta dismissed the appeals filed by the Finance Ministry, the RBI and YES Bank, reopening the bondholders' path to recovering their investments.